Results - Manage Period Close Rule Show All Tab Options
The following are the columns you can view for results in the Show All tab when you list or change period close rules. The Select All columns appears only when you select the in .
| Option | Tag | Description |
|---|---|---|
| Select All | If you are changing period close rules, you can select this unlabeled check box to select all rows in the Show All tab for changing. Otherwise, you can select one or more check boxes to the left of each row to select that row or rows for changing. If you are listing period close rules, this column is not available. | |
| Message Type | 5523 | Specifies the transaction message type to which the period close rule applies. Options include MTOPEN, MTCLOSE, and MTLINK. |
| Event Type | 5524 | Specifies the event type associated with the transaction message type for an event to which the period close rule applies. An event type specifies the business intent of the transaction. |
| Include Exclude Ind | 1883 | Indicates whether the system applies an accounting date based on Trade Date + 1 Business Day (T + 1) for the corresponding processing activity during processing when assigning the accounting date to entities that elect an accounting period rule of T + 1. Options include: Yes. Assign an accounting date based on T + 1 when processing activity for this Message Type/Event Type for entities with an accounting period rule set to No. START HERE |
Period Close Rule Message Type/Event Types
The following the Message Type/Event Type combinations you can view when you use the Manage Period Close Rules panel to list or change one or more period close rules. You can include or exclude these entries from period close rule processing. Period close rules do not apply to CONVERSION type events.
| Message Type (target msg type) | Event Type (target mgs sub type) | Description |
|---|---|---|
| MTADJUST | DECRBASIS | Decreases the current cost of a lot. |
| MTADJUST | DECRFEE | ???? |
| MTADJUST | DECROPEN | Decreases the current cost of a lot. |
| MTADJUST | EMAADJUST | ???? ??? Allocates Cash and Investment Income pro-rata based on lot quantity versus position quantity on the trade date of the distribution. |
| MTADJUST | INCBASIS | Increases the current cost of a lot. |
| MTADJUST | INCRFEE | ??? |
| MTADJUST | INCROPEN | Increases the current cost of a lot. |
| MTADJUST | LPCALL | A limited partnership event that targets an LPOPEN and adjusts the cost. |
| MTADJUST | LPCAP | A limited partnership event that targets an LPOPEN and adjusts the cost for income, expenses, and gains and losses. |
| MTADJUST | NONCREDIT_ADJ | ??? ??? Impairments by Price & FX FSD 108397. |
| MTADJUST | WRITEDOWN | Decreases the current cost of a lot, and posts to the ledger and offsets the cost adjustment to either gain/loss or amortization. If the entity uses the average cost method, the adjustment is done at the position level instead of at the lot level for ID cost entities. |
| MTCLOSE | ASSIGN | Closes written call and put options and assigns them for cash. ????? Is this gone from panel now? |
| MTCLOSE | BUYCVR | Closes a short position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt. |
| MTCLOSE | BUYFUT | Closes a short position. This event is used to close futures with variation margin. ???? Is this gone from panel now? |
| MTCLOSE | BUYVARMAR | ??? |
| MTCLOSE | CALLASNST | Closes a short call option position at cost and closes the underlying long if the settlement method is PHYSICAL or opens the underlying short if the settlement method is PHYSHORT. |
| MTCLOSE | CALLEXRST | Closes a long call option position at cost and opens the underlying long if the settlement method is PHYSICAL or closes the underlying short if the settlement method is PHYSHORT. |
| MTCLOSE | CLOSEFUTURE | Closes a long or short position and creates a cash record only if there are fees and the fees are expensed. This event is used to close futures without variation margin. |
| MTCLOSE | CLOSESWAP | Closes interest rate, total rate or return, currency, and inflation linked swap contracts. Also closes lock securities. The contract is always closed long, the legs are closed long and short. |
| MTCLOSE | COLLCLS | ??? |
| MTCLOSE | CURRENCY_EXER_ASN | Used to physically exercise or assign a currency option only. It closes a long currency option and opens a spot contract for the currencies involved by creating a cash disbursement for the currency sold and a cash receipt for the currency purchased. |
| MTCLOSE | DEL | Used to close lots/positions down at cost. |
| MTCLOSE | EMACLOSE | ????? |
| MTCLOSE | EXERCISE | Closes long call and put options and exercises them for cash. ???? Is this gone from panel now? |
| MTCLOSE | FUNDSPLTMRG | Transfers either a full position, partial position, or lot from one entity to another. |
| MTCLOSE | LPCLOSE | Closes a long limited partnership position. ??? is this gone from panel now? |
| MTCLOSE | PUTASNST | Closes a short put option position at cost and opens the underlying long if the settlement method is PHYSICAL or closes the underlying short if the settlement method is PHYSHORT. |
| MTCLOSE | PUTEXRST | Closes a long put option position at cost and closes the underlying long if the settlement method is PHYSICAL or opens the underlying short if the settlement method is PHYSHORT. |
| MTCLOSE | ROLLOVER | Rolls over lots created with a DEPOSIT event into a new security with new terms. |
| MTCLOSE | SELL | Closes a long position. Can be used to close equities, options, caps, floors, rights, warrants, and all debt. |
| MTCLOSE | SELLFUT | Closes a long position. This event is used to close futures with variation margin. |
| MTCLOSE | SELLVARMAR | Closes a long position. This event is used to close options on futures with variation margin. |
| MTCLOSE | SWCDCO | ??? |
| MTCLOSE | SWLOCK | ??? |
| MTCLOSE | TBACLOSE | Used to close TBA lots/positions as a result of an allocation, pair-off, turn-around, and so on. A cash record is created if the entity election, Create TBA Cashflow flag, is Y. If it is N, a cash record is created for the net cash movement at the time of the close. |
| MTLINK | JNLCVR | Nets a long and short position to one net long or short position. The MTLINK event creates an MTCLOSE JNLCVR LONG loopback which then spawns an MTCLOSE JNLCVR SHORT event. |
| MTLINK | SPOT | Used to create a currency contract which usually settles in just a few days from trade date. No cost is recorded. The MTLINK event generates two MTCASH SPOT events, one being a disbursement for the currency sold and the other a receipt for the currency purchased. |
| MTLINK | TRADEFWD | Used to create a currency contract which usually settles on some future date. No cash record is created at the time of the trade but rather when either the contract is closed or when it matures. The MTLINK event generates either an MTCLOSE TRADEFWD LONG or MTOPEN TRADEFWD SHORT event for the non-settle leg first depending on the close eligible flag (tag 3924) and whether or not the currency being sold is the non-settle leg. If tag 3924 is N and the currency being sold is the non-settle leg, an MTOPEN TRADEFWD SHORT event is created. The non-settle event then generates the settle leg loopback event. |
| MTOPEN | BUY | Opens a long position. Can be used to open equities, options, caps, floors, rights, warrants, and all debt. |
| MTOPEN | BUYFUT | Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin. |
| MTOPEN | BUYVARMAR | Opens a long position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin. |
| MTOPEN | CALLASNST | Closes a long call option position that is technically short and closes the underlying long. The settlement method must be PHYSICAL, the underlying must be a held security with sufficient quantity. |
| MTOPEN | CALLEXERFT | ??? |
| MTOPEN | CDSOPEN | Opens a long position. It is used to open credit default swap contracts. |
| MTOPEN | CONVERSION | Opens a long or short position. Conversion events are basis specific and do not replicate to all accounting bases. The event excludes options on futures, currency, futures, forwards, repos, reverse repos, and index securities. ???? no longer on panel now? |
| MTOPEN | CPB | Lots with unknown cost basis are opened with the MTOPEN REC event. The CPB event closes the unknown lot either fully or partially and opens a lot with the cost basis provided on the event. Normally used for brokerage. |
| MTOPEN | DEPOSIT | Opens a long position. Generally used for short term interest at maturity securities. A bank certificate of deposit is a time deposit product. |
| MTOPEN | EMAOPEN | ??? |
| MTOPEN | FUNDSPLTMRG | ??? |
| MTOPEN | LPOPEN | Opens a long limited partnership position. |
| MTOPEN | OPENFUTURE | Opens a long or short position and creates a cash record only if there are fees and the fees are expensed. This event is used to book futures without variation margin. |
| MTOPEN | OPENSWAP | Opens interest rate, total rate or return, currency, and inflation linked swap contracts. Also opens lock securities. The contract is always opened long, the legs are opened long and short. |
| MTOPEN | PUTASNST | Closes a long put option position that is technically short and opens the underlying long. The settlement method must be PHYSICAL. |
| MTOPEN | REC | Opens a long or short position. REC events can be opened with an unknown cost basis that can be adjusted later with the CPB event. This event is very similar to the CONVERSION event. |
| MTOPEN | SELLFUT | Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open futures with variation margin. |
| MTOPEN | SELLVARMAR | Opens a short position. A cash record is created at the time of a close or when margin is approved. This event is used to open options on futures with variation margin. |
| MTOPEN | SHORTSELL | Opens a short position. Can be used to open equities, rights, warrants, and all debt. |
| MTOPEN | SWCDCO | ??? |
| MTOPEN | SWLOCK | ??? |
| MTOPEN | TBAOPEN | Opens a long or short to be announced (TBA) position. A cash record is created if the entity election, Create TBA Cashflow flag, is Y. If it is N, a cash record is created for the net cash movement at the time of the close. |
| MTOPEN | WRITE | Opens a short position. Can be used to open options, caps, and floors. |
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